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1-bed · 811 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 4th floor · completed 2009

407, V3 Tower

Sold prices and rental history: sold twice, last in November 2017, and rented once, from September 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 27 November 2017
Last soldAED 1.09M27 November 2017
Current rentAED 54K /yr25 September 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, V3 Tower

What is 407 worth today?

Last sold for AED 1,088,000 in 2017

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27 Nov 2017SoldReady
AED 1,088,000AED 1,342 per sqft
25 Sep 2012RentedNew contract
AED 53,500/yr12 months · AED 66 per sqft
26 Jul 2010Sold by developerReady
AED 544,666AED 671 per sqft

Source: Dubai Land Department. Updated 27 November 2017.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
4th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 1.09M · November 2017
Building
V3 Tower

About 407, V3 Tower

407 is a one-bedroom apartment of 811 sqft on the 4th floor of V3 Tower, a 37-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. It last sold on 27 November 2017 for AED 1,088,000, or AED 1,342 per sqft, 8% above the AED 1,241 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 September 2012. The current contract, signed on 25 September 2012, is AED 53,500 a year: a gross yield of 4.9% on the 2017 price, before the service charge of about AED 10,100 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in V3 Tower
500K1M2010201520202025Typical sale price by year: 2010 AED 572,979; 2011 AED 525,750; 2012 AED 600,000; 2013 AED 735,000; 2014 AED 1,075,000; 2015 AED 985,000; 2016 AED 1,000,000; 2017 AED 1,050,000; 2018 AED 900,000; 2019 AED 573,643; 2020 AED 600,000; 2021 AED 733,000; 2022 AED 760,000; 2023 AED 850,000; 2024 AED 950,000; 2025 AED 995,000; 2026 AED 1,037,500Sold by developer, July 2010: AED 544,666 (AED 671 per sqft)Sold, November 2017: AED 1,088,000 (AED 1,342 per sqft)

407 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, each contractTypical one-bed in V3 Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,750; 2013 AED 64,000; 2014 AED 75,000; 2015 AED 84,000; 2016 AED 85,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 62,250; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 55,000; 2023 AED 63,750; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 75,000New contract, September 2012: AED 53,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in V3 Tower, and where 407 sits

All 162 1-beds →

407 last sold in November 2017 at AED 1,342 per sqft, 8% above what one-beds in V3 Tower were fetching at the time (AED 1,241). Over the last 12 months one-beds sold for AED 950,000 to 1,100,000, around AED 1,242 per sqft, and rent for AED 54,000 to 125,000 a year. 407's AED 53,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 2026970,000
11 Sep 20261,100,000
1 Jun 2026950,000
10 Mar 20261,000,000
7 1-bed sales in the last 12 months

V3 Tower

Building

328 apartments, 1-bed to 3-bed over 37 floors in Jumeirah Lake Towers (JLT), completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. 13 sold in the last 12 months.

Typical price per sqft
AED 1,292 Up 4.0%
Typical sale
AED 1.1M
Typical rent
AED 85K /yr
Typical yield
7.1%
V3 Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 4th floor

All 328 units in V3 Tower
Value
4012-bedAED 1.43M · Jun 2023
4021-bedAED 558K · Apr 2010
4031-bedAED 1.25M · May 2014
4041-bedAED 700K · Dec 2017
4052-bedAED 1.11M · Mar 2021
4062-bedAED 1.9M · May 2025
4081-bedAED 950K · Dec 2024
1–7 of 9

407, V3 Tower in numbers

  • Sold twice: first on 26 July 2010 for AED 544,666, last on 27 November 2017 for AED 1,088,000 (AED 1,342 per sqft).
  • Rented since September 2012 on one Ejari contract, at AED 53,500 a year.
  • At AED 53,500 a year the gross yield on the 2017 price is 4.9%, before a service charge of about AED 10,100 a year (AED 12.46 per sqft).
  • One-beds in V3 Tower sold for AED 950,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,292 per sqft.

Source: Dubai Land Department. Updated 27 November 2017.

Questions about 407, V3 Tower

What did unit 407 last sell for?

AED 1,088,000 on 27 November 2017: AED 1,342 per sqft for 811 sqft. The unit has 2 registered sales; the first was AED 544,666 in July 2010.

What is the rent for unit 407?

AED 53,500 a year on the contract signed on 25 September 2012.

How big is unit 407?

811 sqft (75.3 sqm): a one-bedroom apartment on the 4th floor of a 37-storey tower completed in 2009.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in V3 Tower sold for AED 950,000 to 1,100,000 in the last 12 months, around AED 1,242 per sqft.

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Mortgage on 407, V3 Tower

Starts from the last sale price (AED 1.09M, 27 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,088,000
Deposit, UAE resident (20%)
AED 217,600
Deposit, non-resident (40%)
AED 435,200
Monthly over 25 years at 3.7%
AED 4,451

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →